Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

‘HSBC report pushes West to rethink alliance with Saudi Arabia’

Middle East expert Ali Rizk told RT that the findings put pressure on the West to reconsider its friendly relations with Saudi Arabia.

UAE Bank Law Frustrates Expat Women

A spokesperson for the bank told reporters that, because the UAE is a Muslim country, it is the father who must open bank accounts for his children.

UAE banks to complete due diligence on accounts of Syrians

Banks and financial institutions operating in the UAE will do a full due dilgence by Sunday in compliance with a central bank circular

Emiratis want crackdown on women's skimpy dress

But it wasn't until the 23-year-old marketing worker came face to face with two scantily-clad female foreigners at one of the many luxury shopping malls in the United Arab Emirates that she decided to take action.

Financial fraud: When gatekeepers see no evil, hear no evil and speak no evil

Media’s ‘bad apple’ theory no longer works

Syrian funds come under UAE scanner

The Central Bank of the UAE gave the banks and financial institutions three days to submit details of any financial assets, transactions made by the Syrian ruling elite.

The Kingdom of Saudi Arabia issues new finance laws

The Minister of Finance has also announced that the implementing regulations of the Finance Laws (which is likely to refer to the Finance Lease Law, the Real Estate Finance Law and the Law on Supervision of Finance Companies) are to be drafted by the Saud

Saudi Approves Mortgage Law

The law is also expected to be a boon for banks, by creating a new revenue stream.

Dla Piper welcomes new markets law

Tomorrow the DFSA's new Markets Law comes into effect and will have a far reaching impact on the financial markets in and around Dubai International Financial Centre according to DLA Piper, the global law firm.

UAE banks violating blank cheque regulations

The UAE Central Bank last year issued wide-ranging regulations aimed at curbing loose lending practices and bank charges.

Kuwait cbank issues new guidelines on banks governance

The governor added the new directives are to over-write the instructions issued by CBK on ‘sound management principles for banks and financial institutions’ back in May, 3, 2004.

Ex-bank convicted of $26m fraud in Bahrain

A Bahrain court has sentenced a former bank chief executive convicted of embezzling BD10 million to jail for four years in absentia, said a report.

CBB Holds second meeting with the Bahrain Association of Banks

Mr. Rasheed Mohammed Al Maraj, Governor of the CBB welcomed the chairman and members of the Board of BAB and thanked the Association and all retail banks for their cooperation in implementing the CBB’s plans for the development of banking services i

Dubai SME names new legal adviser

Dubai SME launched smeconnect.ae to guide investors and entrepreneurs on setting up and growing their business in Dubai.

Law firm appoints Middle East managers

These included the recent merger of HSBC’s operations in Oman with the publicly listed Oman International Bank.

UBS fights legal claim by Kuwaiti royal ‎

UBS has confirmed that Sheikh Meshal was invited to apply for a non-executive post at the bank. However, the bank has also claimed that it already had a strong relationship with Zain, having advised on many of its previous deals.

Middle East Banking & Finance Expert Joins Hadef & Partners

Leading UAE law firm Hadef & Partners is pleased to announce today that renowned Middle East Banking & Finance expert Caroline O'Hare is joining Hadef & Partners as Head of Financial Services & Regulatory.

Dewey's Riyadh team resurfaces at Patton Boggs

Former Dewey Riyadh partner Khalid Al-Thebity has joined Patton Boggs as managing partner of the affiliate office, with the Washington DC-based firm also taking on Dewey Riyadh associates Jihad Turkistani, Stefan Guttensohn, Siraj Al Islam and Judeh Bahna

Bahrain court adjourns trial of ex-CEO of bank

Al-Refai has thus far failed to attend any of the court hearings in relation to the money laundering case, it said.

Former Dewey Dubai partners take action to recover unpaid dues

As a result, a Dubai International Financial Centre (DIFC) court will next week (18 June) issue a winding-up order for Dewey’s operations in the United Arab Emirates.

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